New York - US stocks held near the unchanged mark shortly after the open on Friday, following data on economic growth and ahead of a report on consumer sentiment.
Gross domestic product expanded 2.2% in the fourth quarter, revised down from 2.6% estimated last month, the Commerce Department said on Friday. The economy grew at a 5% rate in the third quarter.
"It was basically as expected, but it certainly shows weak growth in the quarter." said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.